According to information from blockchain detective ZachXBT, a malicious actor has profited around $500,000 from a series of scams related to memecoin, disseminated through more than 15 compromised X accounts. The hacked accounts include those of Kick, Cursor, Alex Blania, The Arena, Brett, and several others.
ZachXBT points out that the attacker gained access to these accounts by sending targeted phishing emails, disguised as official communication from the X team, in order to steal users' login credentials.
The attacker's plan included sending fake copyright infringement notices to create a sense of urgency, tricking users into accessing fraudulent websites. On these websites, victims were asked to change their two-factor authentication (2FA) and passwords.
All the account takeovers are linked to a single deployment address, used in each scam. The attacker attempted to obscure the source of funding by moving assets between the Solana and Ethereum networks.
ZachXBT advises users not to reuse email addresses across multiple services and recommends using security keys for 2FA on important accounts.
Hacking social media accounts has become a common strategy for cybercriminals to promote cryptocurrency projects or fake tokens. These actors often target well-known personalities or brands to build trust and attract users into their scams.
Earlier this month, the official X account of the Cardano Foundation was hacked, leading to the dissemination of false information about a non-existent SEC lawsuit, along with the promotion of a fraudulent Solana-related token. These misinformation efforts caused confusion in the Cardano community and a 4% drop in the price of ADA to $1.18.
In another incident, the official X account of rapper Drake was also compromised. The attacker exploited Drake's partnership with the gambling platform Stake to spread false information about collaborations, luring Watchers to engage with fake tokens and non-existent projects. The related posts and X accounts were quickly deleted and suspended.
Disclaimer: This article is for informational purposes only and not investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions.
Join Telegram: https://t.me/tapchibitcoinvn
Twitter (X): https://twitter.com/tapchibtc_io
Tiktok: https://www.tiktok.com/@tapchibitcoin
Annie
According to Cryptobriefing
